SPY β€” SPDR S&P 500 ETF TR

Ownership history in III Capital Management  Β·  10 quarters on record

This page tracks every 13F SEC filing in which III Capital Management reported a position in SPDR S&P 500 ETF TR (SPY). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
66.58% (2025 Q3)
πŸ“Š Avg. % of fund
19.25%
πŸ“… First filed
2020 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
10

Position Intelligence

III Capital Management Γ— SPY AI Analytics

πŸ“ˆ III Capital Management outperformed the S&P 500 by +-0.0% annually on this SPY position. Timing score: 78% (7/9 decisions correct). Average cost basis: $485.27. Maximum drawdown during holding period: –3.2%.

πŸ“ˆ Position Alpha vs SPY
-0.0%
annualised excess return

➑️ Roughly in line with S&P 500 (±1% alpha range).
8 quarters analyzed

⏱️ Timing Score
78%

🎯 Smart timing β€” consistently buying dips and trimming near peaks.
7 of 9 add/trim decisions correct

πŸ’° Entry Quality
$485.27
+40.1% vs current ($680.06)

Best entry: $284.70 (2020 Q2)  Β·  Worst: $680.06 (2025 Q4)

πŸ›‘οΈ Drawdown Resilience
–3.2%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
70%
buy-side decisions

7 adds Β· 3 trims. Bought during 0 of 1 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
↑ Growing
last 4–5 quarters trend

πŸ“ˆ III Capital Management has been actively increasing its SPY allocation β€” a bullish signal from insiders.
Currently 44.05% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    SPY price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 438,886 +23,086 +5.6% 44.05% $299.3M $680.06
2025 Q3 ADDED 415,800 +86,600 +26.3% 66.58% $277.0M $662.41
2025 Q2 ADDED 329,200 +108,815 +49.4% 36.46% $203.4M $612.65
2024 Q4 ADDED 220,385 +137,385 +165.5% 20.80% $129.2M $577.70
2024 Q2 ADDED 83,000 +33,000 +66.0% 2.11% $45.33B $533.00
2023 Q4 REDUCED 50,000 -50,000 -50.0% 0.99% $23.77B $462.58
2023 Q3 REDUCED 100,000 -175,000 -63.6% 2.14% $42.75B $414.35
2023 Q2 REDUCED 275,000 -250,000 -47.6% 7.26% $121.90B $428.16
2023 Q1 ADDED 525,000 +524,700 +174900.0% 12.09% $214.93B $393.96
2020 Q2 INITIATED 300 β€” β€” 0.04% $153K $284.70
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